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Today's Business Headlines - Market Close from MSNBC.com
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Market Closing Prices
Dow: 9,425.51 -150.53
NASDAQ: 1,843.70 -58.02
S&P: 1,009.38 -19.65
AMEX: 999.70 -1.07
Wall Street Watch: Complete coverage
http://www.msnbc.com/modules/exports/ct_infobeatBIZ1.asp?/news/COMTOPLEVELMARK_Front.asp
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Business
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Court blocks Do Not Call Registry
A U.S. court in Oklahoma has blocked the national 'do not call' list that would allow
consumers to stop most unwanted telephone sales calls, the Direct Marketing
Association said on Wednesday.
http://www.msnbc.com/modules/exports/ct_infobeatBIZ1.asp?/news/971221.asp
OPEC's surprise cut slams stocks
OPEC's surprise decision to cut oil production sent stocks tumbling Wednesday, pushing
the Dow industrials down more than 100 points and the tech-dominated Nasdaq composite
index down nearly 40.
http://www.msnbc.com/modules/exports/ct_infobeatBIZ1.asp?/news/158521.asp
OPEC agrees to surprise output cut
OPEC producers Wednesday agreed a surprise cut in oil production that could raise fuel
costs this winter and hamper economic growth.
http://www.msnbc.com/modules/exports/ct_infobeatBIZ1.asp?/news/971120.asp
Grasso arranged exit as 'termination'
Former NYSE head Richard Grasso structured his departure as a 'termination,' giving
him the right to $57.7 million for deferred pay and severance payments, the Wall
Street Journal reported Wednesday.
http://www.msnbc.com/modules/exports/ct_infobeatBIZ1.asp?/news/971109.asp
Angelides: Grasso should give up pay
California Treasurer Phil Angelides said Wednesday that ousted New York Stock Exchange
Chairman Richard Grasso should give back part of his $140 million payout of deferred
compensation.
http://www.msnbc.com/modules/exports/ct_infobeatBIZ1.asp?/news/971279.asp
BMG reportedly reaches out to Sony
BMG has reached out to Sony Music executives to explore a possible merger after
failing to pin down a deal with rival Warner Music, sources familiar with the
situation said.
http://www.msnbc.com/modules/exports/ct_infobeatBIZ1.asp?/news/971145.asp
Fed's Poole very upbeat on economy
The United States economic recovery will be incomplete without jobs growth, William
Poole, the President of the Federal Reserve of St Louis said on Wednesday.
http://www.msnbc.com/modules/exports/ct_infobeatBIZ1.asp?/news/971141.asp
Air controllers, FAA spar at hearing
Federal Aviation Administration Director Marion Blakey disputed critics who say the
agency's plan to staff dozens more small control towers with privately employed
workers will undermine safety.
http://www.msnbc.com/modules/exports/ct_infobeatBIZ1.asp?/news/971228.asp
Tenet hospital exec arrested
The associate administrator of a San Diego hospital owned by a subsidiary of Tenet
Healthcare Corp. has been arrested as part of a federal investigation into illegal
kickbacks at the facility, the company said Wednesday.
http://www.msnbc.com/modules/exports/ct_infobeatBIZ1.asp?/news/971204.asp
FT: Toys from the 1980s come back
The return of batwing sleeves, pedal pushers and ra-ra skirts, while quintessentially
80s, are not the only high street items that are dipping into the past to help push
sales.
http://www.msnbc.com/modules/exports/ct_infobeatBIZ1.asp?/news/971312.asp
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